Why Should You Retain Anthem (ANTM) Stock In Your Portfolio?
Zacks Investment Research | Dec 10, 2019 09:52PM ET
Anthem, Inc. (NYSE:ANTM) is poised for growth, riding on a healthy revenue stream, improving membership and a raised guidance.
After delivering impressive third-quarter results, the company has updated its outlook for 2019. It now expects its adjusted new income to be more than $19.40 per share, up from the earlier projection of $19.30. Medical membership is still estimated to be around 41 million. Operating revenues are predicted to be nearly $103 billion, above the earlier estimate of $102 billion.
The company flaunts a stellar earnings surprise history, having outpaced the Zacks Consensus Estimate in all the trailing four quarters, the average being 3.8%. This trend of consecutive estimate beats reflects the company’s operating efficiency.
Anthem is well-placed for growth, evident from its favorable Zacks Investment Research
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